GLOBAL HOSPITALITY PORTFOLIO ACQUIRED 2 HOTELS ENHANCEMENT ELEVATING HOSPITALITY EXPERIENCES Apart from growing our hospitality footprint through strategic acquisitions of hotels in gateway cities, we have focused on selective refurbishment initiatives to enhance guest experience and maintain competitiveness. In 2024, we officially reopened the revamped 418-room M Social Phuket hotel (formerly Millennium Resort Patong Phuket) alongside our revamped Jungceylon Shopping Center in Thailand. Since its reopening, the hotel has received positive guest feedback and performed strongly during the peak season. In addition to other ongoing hotel enhancements in Penang and New York, we are also developing the 263-room M Social Hotel Sunnyvale in California, which is expected to fully open in 2H 2026. >160 Hotels owned, managed or franchised Hilton Paris Opéra 268 rooms The Mayfair Hotel Christchurch 67 rooms RESILIENT OPERATING PERFORMANCE Room Occupancy (%) FY 2023 73.1 FY 2024 74.0 0.9% pts Global Revenue Per Available Room (RevPAR) ($) FY 2023 168.1 FY 2024 172.5 2.6% Average Room Rate ($) FY 2023 229.8 FY 2024 233.0 1.4% Gross Operating Profit Margin (%) FY 2023 34.5 FY 2024 35.0 0.5% pts
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